Hospitality

Airbnb buys HotelTonight app to broaden travel offerings

Mar 12 2019 | 05:53 pm

New York: Airbnb said on Thursday it was acquiring the last-minute lodging application HotelTonight, giving the home-sharing giant a broader range of offerings as a travel platform. Terms of the deal for Hotel Tonight, a mobile applications which connects users to hotels for last-minute bookings, were not disclosed. The deal “accelerates our work to build an end-to-end travel platform that serves everyone,” said a statement from Airbnb, one of the largest “sharing economy” startups with a valuation at some $30 billion. The move comes with Airbnb set to launch a stock listing as soon as this year. (AFP)